GMO announces stablecoin tethered to Japanese yen

GMO announces stablecoin tethered to Japanese yen
GMO Internet, a Japanese online conglomerate, confirmed its plans to issue a stablecoin tethered to the Japanese yen.

GMO, which in June announced ASIC miners based on 7-nm chips, and in September presented a platform for cryptocurrency trading, intends to begin the issue of stablecoins at the beginning of the 2019 financial year (in Japan it starts on April 1). In a statement, GMO notes that the main incentive for the development of stablecoin will be international money transfers:

The currency provided by the Japanese yen is likely to ...
Read more about "GMO announces stablecoin tethered to Japanese yen" on coinatory.com

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